As part of the financing, Coatue Management partner Daniel Senft has joined the Kyligence board of directors, the company said in a statement.
Founded by the creators of online analytical processing tool Apache Kylin, Kyligence delivers technology for analyzing data instantly at petabyte scale. It plans to invest proceeds from the Series C round in its core technology and products, and integration with other cloud, big data and business intelligence providers.
“Kyligence has displayed impressive growth. We see enormous opportunity for the company and look forward to helping the talented team at Kyligence accelerate its expansion in high-growth markets,” said Coatue’s Senft.
The firm had earlier raised a Series B round led by Eight Roads Ventures in July 2018.
Joe Chang, a partner at Eight Roads Ventures China, said Kyligence’s solutions were trialled by global businesses, including Fidelity International.
“As the first investor in Kyligence, we are excited to witness its completion of the latest round of financing. The company has experienced strong momentum by becoming China’s top original open source big data software company,” commented David Yuan, founder and managing partner of Redpoint China Ventures.
In conjunction with the Series C investment, Kyligence has appointed Debashis Saha, vice president of platform at Intuit, as Board Advisor.